BA Willi Walsh apologizes for chaotic first day at terminal 5

BA released following statement from CEO Willi Walsh: “Yesterday (March 27th) was definitely not British Airways’ finest hour. We disappointed many people and I apologize sincerely. I take responsibility for what happened. The buck stops with me. A number of issues led to the events we saw yesterday. There were problems in the car parks, airport areas, computer glitches and the baggage system. In isolation, they would not have had the impact they did, but in combination they led to a level of disruption we never took control of during the day. I am not pointing the finger at BAA. Read more

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Turkmenistan orders three Next-Generation 737s

The Boeing Company confirmed an order for three Next-Generation 737s by national flag carrier Turkmenistan Airlines. The order for two 737-900ERs and one 737-700 is worth approximately $221 million at list prices. Turkmenistan Airlines’ all-Boeing fleet also includes 717s, Classic and Next-Generation 737s, 757s, and one 767.

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Willis Lease Finance reports record earnings per share of $1.66 in 2007

Willis Lease Finance Corporation, a leading lessor of commercial jet engines, reported that strong demand for leased engines and high utilization of its growing engine portfolio contributed to 24% lease rent revenue growth and record earnings per share in 2007 on total revenues of $121.9 million, a 15% increase over the prior year. Willis Lease generated net income available to common stockholders of $14.5 million, or $1.66 per diluted share, compared to $14.9 million, or $1.56 per diluted share, in 2006. The strong financial performance was reported despite the inclusion of a non-cash debt extinguishment charge of $2.7 million in Read more

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ANA selects Mitsubishi Regional Jet

The ANA Board of Directors selected the Mitsubishi Regional Jet (MRJ) as its new regional aircraft, placing a firm order for 15 and 10 options, with delivery planned from 2013. The aircraft will be powered by the Pratt & Whitney Geared Turbo Fan (GTF). The MRJ was chosen on the basis of safety, overall economy, operational and environmental performance, and passenger comfort.

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New airline OpenSkies makes progress toward launch this summer

As the Open Skies agreement goes into effect on March 30th, OpenSkies, a new transatlantic airline from British Airways, continues to make progress toward launch this summer. OpenSkies is the first new airline created as a result of the Open Skies agreement, which allows airlines to fly between any U.S. and E.U. destination. OpenSkies plans to offer a truly premium and intimate travel experience from Continental Europe to New York. OpenSkies plans to fly retrofitted Boeing 757s. Its first airplane is now in the hangar being transformed both inside and out to fit OpenSkies’ specifications. Winglets have been added to Read more

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JetBlue founder announces plans for new domestic airline in Brazil

JetBlue founder and Chairman David Neeleman has announced plans to start up his fourth airline, a domestic carrier in Brazil, pending local Government approvals. Mr. Neeleman, who was born in Brazil, has raised $150 million to finance the as-yet-unnamed carrier. The airline, to be based in Sao Paulo, plans to commence operations in early 2009 and, ultimately, will serve most major markets throughout Brazil with as many as 76 brand-new Embraer aircraft by 2013. Mr. Neeleman, together with Frederico Curado, CEO of the Brazilian planemaker Embraer, announced that the company has placed an aircraft order comprising firm orders for 36 Read more

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AirAsia X orders 10 additional Airbus A330 aircraft

AirAsia X, the new long-haul low cost-carrier within the AirAsia Group, has signed a firm contract for an additional 10 A330-300s, which brings the airline’s total order to 25 A330 aircraft. In June 2007, AirAsia X placed a first order for 15 A330s. AirAsia X is currently operating its long-haul, low-cost service with leased A330s and these will be joined by the first of the newly ordered aircraft later this year. All the aircraft will be configured to seat 392 passengers in a single class layout.

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Airbus continues site divestment strategy

Airbus has terminated negotiations with the OHB / MT Aerospace consortium regarding the sale of the Airbus sites in Nordenham, Varel and the EADS site in Augsburg since a viable industrial and financial solution was not achievable. Airbus will continue searching for other solutions and, in parallel, will proceed with the carve-out of the three sites. The negotiations concerning the partial sale of Filton, the partnering for Meaulte/Saint Nazaire-Ville and the sale of Laupheim continue. However, the volatility of the financial markets and a Dollar close to 1.60 – as opposed to 1.35 when the divestment process was started – Read more

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